In this episode of What’s the Alternative, host Shana Orczyk Sissel sits down with Bob Elliott, Founder, CEO & CIO of Unlimited Funds, to unpack the true potential of alternative investments for advisors and investors. They cover hedge fund fees, the rise and struggles of liquid alternatives, global macro and managed futures, hedge fund replication challenges, and Unlimited Funds’ HFND flagship — plus upcoming launches like liquid venture capital. If you want practical guidance on how alternatives can improve portfolio diversification and how to access low-cost, diversified strategies, this episode is for you.

Key takeaways:

 * Traditional hedge funds often charge high fees that can erode net returns; low-cost alternatives are increasingly viable.
 * The liquid alternatives category has grown rapidly but faces significant structural and classification challenges.
 * Alternatives (global macro, managed futures, etc.) offer true diversification when understood and implemented correctly.
 * Accurately tracking hedge fund positions is difficult but essential for replicating exposures and assessing risk.
 * Advisors should evaluate how alternative strategies fit within overall portfolio construction, focusing on cost, diversification, and implementation.

Connect with us!

 * Bob Elliott on LinkedIn [https://www.linkedin.com/in/ttoillebob/]
 * Bob Elliott on X [https://x.com/BobEUnlimited]
 * Unlimited Funds Website [https://unlimitedfunds.com/]
 * Shana Orczyk Sissel on LinkedIn [https://www.linkedin.com/in/shsissel/]
 * Shana Orczyk Sissel on X [https://x.com/shanas621]
 * Banríon Capital Management [https://www.banrioncapital.com/]

What's the Alternative? | Episode 28 |  Unmasking Hedge Funds: Low-Cost Alternatives & Global Macro Secrets with Bob Elliott

In this episode of The Alternative Mason, Brittany Mason chats with John Davi — founder of Astoria Portfolio Advisors and one of the sharpest minds in the ETF world. John shares how growing up in Queens shaped his hustle, how early stints at Merrill Lynch and Morgan Stanley fueled his love for markets, and what drove him to launch Astoria back in 2017.

They dive into how Astoria blends macro insights with quantitative research, what it’s really like to build an independent firm from the ground up, and where John sees the next big wave — from alternative investments to the rise of AI in finance.

Key Takeaways:

 * Diversification is Crucial: It's the only free lunch in the market. A well-diversified portfolio can protect against market volatility.
 * Blend of Macro and Quant: Astoria's approach of marrying macro insights with quantitative research offers a unique edge in financial strategies.
 * Embrace Innovation: John Davi emphasizes the role of AI and crypto in modern investment strategies, highlighting their potential to transform portfolios.
 * Calculated Risk-Taking: Davi advises taking calculated risks for higher rewards, a strategy that has propelled his success.

Connect with us below!

 * John Davi on LinkedIn [https://www.linkedin.com/in/john-davi-93414510/]
 *  Astoria Portfolio Advisors [https://www.astoriaadvisors.com/]
 * Brittany Mason on LinkedIn [https://www.linkedin.com/in/brittany-mason-15811641/]
 * Banríon Capital Management [https://www.banrioncapital.com/]

The Alternatives Mason: Building Alts Knowledge Brick by Brick | Episode 30 | The Astoria Story: Investment Strategies and Entrepreneurship with John Davi

In this episode of 'What's the Alternative?', Shana Orczyk Sissel, founder and CEO of Banrion Capital Management, chats with Jeremy Schwartz, Global Chief Investment Officer at WisdomTree. They delve into their groundbreaking collaboration—a cutting-edge ETF model that blends traditional investments with innovative alternatives. Discover how a 60/40 portfolio can be supercharged with a 20% allocation to alternatives through the concept of return stacking. The discussion highlights the strategic use of leverage, the benefits of WisdomTree's open architecture approach, and the pivotal role of Quorus in seamless model implementation.

The conversation between Shana and Jeremy provides valuable insights into how innovative approaches and collaborations can redefine the world of alternative investments. To learn more about WisdomTree and their offerings, interested parties can reach out to the contacts provided in the show notes.

Key Takeaways:

 * Return  Stacking: WisdomTree's  approach to integrating alternative investments allows for enhanced return  potential without compromising core equity positions.
 * Understanding Leverage: Leverage, if used intelligently, can be a powerful tool in portfolio management, providing ample opportunity for gains.
 * Diversification through Alternatives:  Incorporating a well-selected mix of alternative investments can diversify  a portfolio, reduce risk, and enhance returns.
 * Efficient Implementation: Collaborations with platforms like Quorus make it easier for advisors to  integrate and manage complex investment models efficiently.

Connect with us!

 * Jeremy Schwartz on LinkedIn [https://www.linkedin.com/in/jeremy-d-schwartz/]
 *  WisdomTree Website [https://www.wisdomtree.com/investments]
 * Quorus Website [https://www.quorus.io/]
 * Shana Orczyk Sissel on LinkedIn [https://www.linkedin.com/in/shsissel/]
 * Banríon Capital Management [https://www.banrioncapital.com/]

What's the Alternative? | Episode 27 |  Stacking the Deck: Redefining Alternative ETF Models with Jeremy Schwartz

Join Brittany Mason in this engaging episode of 'The Alternative Mason' as she sits down with Dennis Morton, co-founder of Morton Brown Family Wealth and an army veteran with a background in history. Dennis shares his unconventional path into the finance industry, discussing the importance of humanities education, his transition from the military to finance, and the founding and growth of Morton Brown Family Wealth. This discussion serves as an inspiring reminder that the financial industry is not solely about numbers—it's about people, leadership, and the ability to continuously evolve in a rapidly changing world.

Key Takeaways:

 * Human connection is paramount in the financial industry; understanding clients leads to meaningful relationships.
 * Reinvention and adaptability are crucial for overcoming setbacks and seizing new opportunities.
 * Alternative investments, such as private credit, offer valuable diversification and risk management options for clients.
 * Foundational beliefs like "Reimagine, Simplify, and Thrive" can guide financial firms in crafting innovative and client-centric experiences.

Connect with us below!

 * Dennis Morton on LinkedIn [https://www.linkedin.com/in/dennis-morton-jr/]
 * Morton Brown Family Wealth [http://www.mortonbrownfw.com/]
 * Brittany Mason on LinkedIn [https://www.linkedin.com/in/brittany-mason-15811641/]
 * Banríon Capital Management [https://www.banrioncapital.com/]

The Alternatives Mason: Building Alts Knowledge Brick by Brick | Episode 29 | Commanding Wealth: Military Precision in Money Management with Dennis Morton

Join Shana Orczyk Sissel, founder and CEO of Banríon Capital Management, as she discusses the ins and outs of structured notes and buffer funds with Vinay Tolia, CEO of Marine Layer Advisors. In this episode of 'What's the Alternative Podcast,' learn about the growing trend of defined outcome vehicles in the investment space, including their complexities, risks, and proper uses. Discover how Vinay's background as a derivatives trader provides unique insights into optimizing structured notes for clients, and why younger advisors might have a different view on these products compared to older generations. This episode is a must-watch for advisors looking to understand the nuances of structured notes and buffer funds to better serve their clients. –

Key Takeaways:

 * The evolution and efficiency improvements in structured notes and buffer funds.
 * Key differences between calendar offerings and custom offerings.
 * Important questions advisors should ask when considering structured products.
 * The impact of leverage and understanding risk in defined outcome investing.

Connect with us!

Vinay Tolia on LinkedIn [https://www.linkedin.com/in/vinay-tolia-5163622/]

Marine Layer Advisors Website [https://www.marinelayeradvisors.com/]

Shana Orczyk Sissel on LinkedIn [https://www.linkedin.com/in/shsissel/]

 Banríon Capital Management [https://www.banrioncapital.com/]

What's the Alternative? | Episode 26 | Riffing on Returns: A Structured Note Playbook with Vinay Tolia

What happens when a banker’s son builds a venture firm in a place most investors overlook? Brad Zapp, Cp-Founder, President and Head of Strategy & Marketing at Connetic Ventures, shares how rejection fueled his pivot into early-stage investing, eventually leading to Wendal, an AI-powered associate that reviews founders 24/7. With this remarkably innovative tool, Brad is reimagining who gets funded and who gets to invest. This episode unpacks how AI, behavioral science, and fund structure innovation are opening venture capital to a much broader audience.

Key takeaways:

 * AI can scale deal sourcing and diligence, even from outside traditional VC hubs.
 * Psychometric screening helps identify unconventional but high-potential founders.
 * Interval funds are breaking down access barriers for everyday investors.

Connect with us below!

 * Brad Zapp on LinkedIn [https://www.linkedin.com/in/zapper/]
 * Connetic Ventures [https://conneticventures.com/]
 * Brittany Mason on LinkedIn [https://www.linkedin.com/in/brittany-mason-15811641/]
 * Banríon Capital Management [https://www.banrioncapital.com/]

The Alternatives Mason: Building Alts Knowledge Brick by Brick | Episode 28 |  THe VC Firm That Thinks Different and Hires Bots with Brad Zapp

Private credit is growing faster than ever, and in this episode of 'What's the Alternative?', Shana Orczyk Sissel sits down with John Sateri from The Gladstone Companies to uncover why. From small companies transitioning to market leaders to the intricacies of private credit, this conversation dives deep into an exciting and evolving sector.

Shana and John discuss his extensive background, the evolution of Gladstone since his start in 2007, and the unique advantages of private credit as opposed to traditional banking models. They break down the benefits and limitations of interval funds and BDCs, as well as the significance of understanding due diligence in this investment space. Tune in to gain insights on why private credit could be the key sector to watch in the coming years.

Key takeaways:

 * ·Understanding interval funds and their advantages in the market.
 * The hands-on approach required in private credit investing.
 * How private credit is displacing traditional banking capital.

Connect with us!

 * John Sateri on LinkedIn [https://www.linkedin.com/in/john-sateri-02311113/]
 * The Gladstone Companies Website [https://www.gladstonecompanies.com/]
 *  Gladstone Alternative Income Fund Website [https://www.gladstoneintervalfund.com/]
 *  Shana Orczyk Sissel on LinkedIn [https://www.linkedin.com/in/shsissel/]
 * Banríon Capital Management [https://www.banrioncapital.com/]

What's the Alternative? | Episode 25 | The Private Credit Revolution with John Sateri

Get ready for a deep dive into the world of multifamily real estate investing! In this episode of 'What's the Alternative?', host Shana Orczyk Sissel sits down with Ivan Barrett, founder and CEO of The BAM Companies, to explore the ins and outs of multifamily investing. Ivan shares insights from over 25 years in real estate, discussing the impact of fiscal policies, the current market outlook, and why the Midwest offers unique investment opportunities.

Discover how The BAM Companies approaches property management, the importance of school districts, and BAM's dedication to community impact and economic resilience.

Key takeaways:

 * The stability and potential of multifamily investments amid economic fluctuations.
 *  How The BAM Companies identifies undervalued assets and manages them for optimal returns.
 * The role of school districts in property investment strategies.
 * BAM's focus on community impact and fostering a positive workplace culture.

Connect with us!

Ivan Barratt on LinkedIn [https://www.linkedin.com/in/ivanbarratt/]

 The BAM Companies [https://thebamcompanies.com/]

Shana Orczyk Sissel on LinkedIn [https://www.linkedin.com/in/shsissel/]

Banríon Capital Management [https://www.banrioncapital.com/]

What’s the Alternative? | Episode 24 | Roundabouts and Real Estate: A Multifamily Adventure with Ivan Barratt

Have you ever heard of downside protection? It's the strategy that David Selznick used to build an all-weather investment approach in real estate. Instead of chasing trends, he focuses on sectors like senior housing, student living, and medical offices. In other words, the type of properties with a demand that holds strong even when the market is shaky.

In this episode of What’s the Alternative?, David explains how cash flow beats speculation and how patience leads to better pricing. If you're into real estate, long-term strategy, or just want to understand what it takes to do smart investments during cloudy times, this one's for you.

Key takeaways:

 * Why cash flow is key during uncertain times
 * Sector focus over trends
 * Know your market
 * Real estate is about discipline

Resources mentioned:
Carrie Brenner: https://www.linkedin.com/in/carrie-brenner-132513110/

Connect with us!

 * David Selznick on LinkedIn [https://www.linkedin.com/in/david-selznick-a11b9aa0/]
 * Kayne Anderson website [https://www.kayneanderson.com/]
 * Shana Orczyk Sissel on LinkedIn [https://www.linkedin.com/in/shsissel/]
 * Banríon Capital Management [https://www.banrioncapital.com/]

What’s the Alternative? | Episode 23 | Private Real Estate and How to Build All-Weather Business with David Selznick

Greg Friedman has a financial journey that starts in his early childhood, investing his birthday money, and has brought him to launching Peachtree Group in 2007. In this episode, he explains what he calls the Mispriced Risk Business and how he’s overseen $11 billion in real estate investments.

Key takeaways:

 * Greg’s first memories and how they shaped his entrepreneurial mindset.
 * The difference between happiness and fulfillment.
 * Mispriced risk and how to make money out of it.
 * The importance of relationships for any business.

Connect with us below!

 * Greg Friedman on LinkedIn [https://www.linkedin.com/in/greg-friedman-0312192/]
 * Peachtree Group [https://www.peachtreegroup.com/]
 * Brittany Mason on LinkedIn [https://www.linkedin.com/in/brittany-mason-15811641/]
 * Banríon Capital Management [https://www.banrioncapital.com/]

The Alternatives Mason: Building Alts Knowledge Brick by Brick | Episode 27 | Real Estate and Commercial Investment in Crisis Markets with Greg Friedman 

Welcome to The Alternatives Mason: Building Alts Knowledge Brick by Brick. Banrion Capital Management uses technology to help independent advisors scale and educate themselves on alternative investments. Since education is such a big piece of the Banrion mission and business, we are excited to kick off this series to dive into the nits and grits of the alternatives space.

The Alternatives Mason: Building Alts Knowledge Brick by Brick

Join host Shana Orczyk Sissel, Founder & CEO of Banrion Capital Management, as she interviews leaders in the alternative investment space. Learn more about their firms, their passions and about the many different ways investors can use alternative investments to add value in their investment portfolios.

What's the Alternative? Meet the Manager

Alternative investments don’t have to be complicated. Banrion Capital Management helps simplify investing in alternatives.

Banrion Capital Management

Shows